Leveraged Loans

I saw a chart for the purpose of leveraged loans and it went like this: LBO - 35% M&A 31% Exit Financing/DIP - 21% Refinancing - 8% Other - 5% I was curious about the breakdown. 2/3 is for M&A/LBO and the rest is mostly for bankrupcty financing. I would have thought that a good percentage of the purpose would be for plain business expansion.